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Triad Financial

A New Breed

CarFinance Capital is new to the auto finance world, but the people behind the nonprime/subprime finance source are not. The editor gets the skinny.

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Triad Founder Launches Nonprime Finance Company

Four former Triad Financial executives have partnered with a Perella Weinberg Partners affiliate to form CarFinance Capital LLC, a direct and indirect automobile finance company catering to the nonprime market.

VINtek Expands Relationship With Santander Consumer USA

VINtek, a provider of auto finance services and solutions for lenders, announced an agreement to manage vehicle titles for Santander Consumer USA (SC USA) Inc., resulting from SC USA’s acquisition of the indirect auto loan portfolio of Texas-based Triad Financial.

Triad Financial and Windsor Group Expand Third-Party Servicing

Triad Financial and Windsor Group have formed a partnership to help grow Triad’s third-party servicing business, which supports finance companies, banks, investors and auto dealers.

VeriFacts Inc., Partners With Triad Financial

VeriFacts Inc., a provider of skip trace solutions, and Triad Financial, a third-party servicer focusing on nonprime consumer vehicle loans, have partnered to offer a one-stop shop of services to auto lenders, collection agencies and investors.

Triad Financial Names Stephen Smith to Oversee Third-Party Servicing Efforts

Triad Financial appointed Stephen Smith to oversee the company’s third-party servicing efforts. In his role as director of portfolio servicing, Smith will manage Triad’s business development initiatives, client relations and the daily operations of servicing clients’ consumer vehicle loans.

Dealing With Subprime’s Messy Image

Is it me or is just about everyone looking for that one kink in the armor of our business? Yes, blame the subprime-mortgage market all you want, but the reality is that it’s going to be guilt by association from here on out. What’s important now is that we don’t prove those “Chicken Littles” right.

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